Topic: Fitch Ratings

Moody's Ratings downgraded U.S. debt, becoming the last of the three major credit rating agencies to move in that direction.

U.S. trading partners reacted from a range of relief to anger after President Donald Trump imposed tariffs on trading partners.

Stock futures tumbled Wednesday after President Donald Trump announced tariffs for all trading partners as investors fretted over increased prices and a possible recession.

Moody's Investors Service lowered its outlook of the nation's debt from stable to negative on Friday, saying the risks to the country's fiscal strength have increased with higher interest rates and rising debt costs.

U.S. Treasury Secretary Janet Yellen on Wednesday blasted the "unwarranted" decision by the company Fitch to downgrade the United States' credit rating.

U.S. stock futures opened lower Tuesday evening on news that credit rating agency Fitch has downgraded the United States' "Long-Term Foreign-Currency Issuer Default Rating" from its top-ranked AAA to AA+.

New U.S. unemployment claims are up by 3,000 for the week ending Saturday, according to the Department of Labor. The total number of initial jobless claims for that week was 217,000.

U.S. initial jobless claims fell by 12,000 to a seasonally adjusted 214,000 for the week ending Saturday, according to the Department of Labor.

Financial services company Fitch Ratings said the United States will likely enter a mild recession next spring, as higher interest rates and inflation take a toll on consumer spending.

Saudi Arabia's Aramco raised $29.4 billion in the world's largest initial public offering, surpassing the oil company's original listing by $5 billion.